No products in the cart.
One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
Roll over image to zoom in
₹450.00₹550.00 (-18%)
- Publisher: Simon & Schuster; Illustrated edition (3 April 2000)
- Language: English
- Paperback: 304 pages
- Item Weight: 247 g
- Dimensions : 13.97 x 1.78 x 21.43 cm
Item will be shipped in 1-3 business days
Compare
From the Back Cover
THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN
Peter Lynch is America’s number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech ’90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.
About the Author
Peter Lynch is an American businessman and stock investor. He works as a manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged at 29.2% annual return, continuously more than doubling the S&P 500 market index and making it the best performing mutual fund in the globe. Lynch is continuously explained as a “legend” by the financial media for his performance record and was called “legendary” by Jason Zweig in his 2003 update of Benjamin Graham’s book, The Intelligent Investor.
Introduction to the Millennium Edition
This book was written to offer encouragement and basic information to the individual investor. Who knew it would go through thirty printings and sell more than one million copies? As this latest edition appears eleven years beyond the first, I’m convinced that the same principles that helped me perform well at the Fidelity Magellan Fund still apply to investing in stocks today.
It’s been a remarkable stretch since One Up on Wall Street hit the bookstores in 1989. I left Magellan in May 1990, and pundits said it was a brilliant move. They congratulated me for getting out at the right time — just before the collapse of the great bull market. For the moment, the pessimists looked smart. The country’s major banks flirted with insolvency, and a few went belly up. By early fall, war was brewing in Iraq. Stocks suffered one of their worst declines in recent memory. But then the war was won, the banking system survived, and stocks rebounded.
Some rebound! The Dow is up more than fourfold since October 1990, from the 2,400 level to 11,000 and beyond — the best decade for stocks in the twentieth century. Nearly 50 percent of U.S. households own stocks or mutual funds, up from 32 percent in 1989. The market at large has created $25 trillion in new wealth, which is on display in every city and town. If this keeps up, somebody will write a book called The Billionaire Next Door.
More than $4 trillion of that new wealth is invested in mutual funds, up from $275 billion in 1989. The fund bonanza is okay by me, since I managed a fund. But it also must mean a lot of amateur stockpickers did poorly with their picks. If they’d done better on their own in this mother of all bull markets, they wouldn’t have migrated to funds to the extent they have. Perhaps the information contained in this book will set some errant stockpickers on a more profitable path.
This book was written to offer encouragement and basic information to the individual investor. Who knew it would go through thirty printings and sell more than one million copies? As this latest edition appears eleven years beyond the first, I’m convinced that the same principles that helped me perform well at the Fidelity Magellan Fund still apply to investing in stocks today.
It’s been a remarkable stretch since One Up on Wall Street hit the bookstores in 1989. I left Magellan in May 1990, and pundits said it was a brilliant move. They congratulated me for getting out at the right time — just before the collapse of the great bull market. For the moment, the pessimists looked smart. The country’s major banks flirted with insolvency, and a few went belly up. By early fall, war was brewing in Iraq. Stocks suffered one of their worst declines in recent memory. But then the war was won, the banking system survived, and stocks rebounded.
Some rebound! The Dow is up more than fourfold since October 1990, from the 2,400 level to 11,000 and beyond — the best decade for stocks in the twentieth century. Nearly 50 percent of U.S. households own stocks or mutual funds, up from 32 percent in 1989. The market at large has created $25 trillion in new wealth, which is on display in every city and town. If this keeps up, somebody will write a book called The Billionaire Next Door.
More than $4 trillion of that new wealth is invested in mutual funds, up from $275 billion in 1989. The fund bonanza is okay by me, since I managed a fund. But it also must mean a lot of amateur stockpickers did poorly with their picks. If they’d done better on their own in this mother of all bull markets, they wouldn’t have migrated to funds to the extent they have. Perhaps the information contained in this book will set some errant stockpickers on a more profitable path.
Wholesale
Additional information
| Weight | 0.247 kg |
|---|---|
| Dimensions | 13.97 × 1.78 × 21.43 cm |
No more offers for this product!
General Inquiries
There are no inquiries yet.
Reviews
There are no reviews yet.